• This thread is just the tip of the iceberg.The people ahead of the curve aren't Googling for answers — they're already in here, having the conversations you haven't found yet. DealerRefresh is free.Get the full picture →

How to Build Your Used Vehicle Acquisition Team the Right Way

Mar 17, 2011
237
94
First Name
Ryan
People are the greatest assets in dealership operations and Buy Centers are no exception to the rule. With personnel turnover rates exceeding 35-40% in the automotive industry as a whole, it’s critical to identify the right candidates for your buy centers, and then train, pay, and set objectives to retain them over the long term.

In the video below, the following points are highlighted in this condensed mini version of the original live web chat which aired in September 2017 where Vehicle Acquisition Network Founder Tom Gregg and Del Grande Dealer Group Used Vehicle Director David Long discussed what it takes to build and manage your used vehicle acquisition team.
  • Identifying the “right fit” for your acquisition team
  • What should be expected from a “newbie” in a buy center
  • What goals and expectations should be set for team members


Having the proper structure in place to support the buy center employee’s success and keep them engaged should be at the top of every managers mind. Developing a routine of meeting with buy center employees and giving them a voice in the evolution of the processes and procedures will improve your employee engagement and increase the efficiency of your operation. Providing the employees with clearly defined goals and a potential career path will keep them motivated and driven.

Sign Up for Access to the Entire Conversation

If you enjoyed this video and are interested in viewing the full 'edited' version (17 minutes), follow this link and sign up to receive instant access to the entire video conversation.

A chain is only as strong as its weakest link and when it comes to building a profitable buy center at your dealership, those links are your people and your processes. Outfitting your buy center with skilled team members is a difficult and essential ongoing effort for all managers and directors.

> Get the Full 'Edited' Version Now
 
Last edited:

✨ AI Highlights

This thread features a webinar discussion on building an effective used vehicle acquisition team, addressing the automotive industry's high 35-40% personnel turnover rates. Experts Tom Gregg and David Long outline best practices for identifying qualified candidates, training them properly, and implementing compensation and objective-setting strategies to improve retention. The core insight is that investing in the right people for buy centers—through careful hiring, development, and incentives—is critical to dealership success given the industry's talent retention challenges.

Replies Views 0 1,882 Started Last Reply